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432 Park Avenue

Midtown Manhattan is the largest office market in the U.S., home to leading financial, legal and Fortune 500 companies, as well as some of the most luxurious retailers and restaurants in the world. Quintessential to the “City that Never Sleeps,” it’s also a highly desirable area to live in. In January 2010, we acquired a development site in Midtown’s Plaza District for the construction of 432 Park Avenue, a premier residential condominium tower.

As construction began, our development team worked to build a structure that would maximize square footage while providing luxury comforts for residents. The space was designed to include amenities that were superior but simple and elegant. Creative thought and design can be seen throughout the building, especially with the inclusion of green and public spaces despite a small footprint. Our vision was to create a place where individuals would truly want to live.

The finished building includes:

146 residential units

82,897 square feet of retail space

9,200 square feet of parking

White glove concierge service

Valet parking

Amenities including a pool and spa, theatre and outdoor roof garden

The condominium units sold at a faster pace and for a higher price than originally anticipated. Today, 432 Park is the tallest residential tower in the Western Hemisphere and a striking addition to the Manhattan skyline, offering its residents spectacular views of the city.

There can be no assurance that CIM will replicate past results or meet its objectives in the future.